Name the 0.0001 BTC unit - Final Poll

[SirBitsalot]

I believe if you used bit, it would be confused with the "bit" when talking about megabits.. bit is actually a measure if I'm not mistaken. I like bip! Those other two are kinda of weird... Bip sounds good!

[the_poet]

1 bitty = 0.0001 BTC

I love 'bitty', because it's catchy and memorable just like 'penny'.

My 2 bitties, ops... cents!

BTW curious to know what you guys think!

[trenton81]

And the winning name, 29.3% of the votes to the 24.8% of the runner-up:

Could I ask you to post the complete results? I'm curious how the finneys went.

(The poll results are no longer visible, or maybe I just don't know how to)

Thanks in advance!

[DoctorOozy]

0.1 mBTC

This is why it does not need a name.

[medUSA]

Could I ask you to post the complete results? I'm curious how the finneys went.
(The poll results are no longer visible, or maybe I just don't know how to)

It is visible on top of this post (on every page). In case you can't see it for some reason, here are the results:

1 bip = 0.0001 BTC   - 55 (22.7%)
1 bit = 0.0001 BTC   - 71 (29.3%)
1 finney = 0.0001 BTC   - 56 (23.1%)
1 nakamoto = 0.0001 BTC   - 60 (24.8%)

[Cyberdyne]

Okay next we need to decide on a name for 0.0000001 BTC. Final, ultimate poll, period.

List of invalid answers (these are either too obvious or not cutesy enough or already taken):

• 10 satoshis (Too obvious)
• 0.1 μBTC (Too "Sciency")
• 100 nBTC (Again, too sciency - everybody hates Standards)
  
• 1 bit (Now officially taken by 0.0001 BTC)

[guybrushthreepwood]

1 bitty = 0.0001 BTC

I love 'bitty', because it's catchy and memorable just like 'penny'.

My 2 bitties, ops... cents!

BTW curious to know what you guys think!

I like bitty, people would use that regardless I reckon.

[flynn]

1 bit (Now officially taken by 0.0001 BTC)

I'm not so sure this name is "official"
No way I ever use the word "bit" for any other purpose than the one described by Shannon.

[guybrushthreepwood]

1 bit (Now officially taken by 0.0001 BTC)

I'm not so sure this name is "official"
No way I ever use the word "bit" for any other purpose than the one described by Shannon.

"Unofficially" taken then. I'm sure different names will catch on eventually. Just let the people decide  .

[Cyberdyne]

1 bit (Now officially taken by 0.0001 BTC)

I'm not so sure this name is "official"

I'm not so sure my post was serious.

[the_poet]

1 bitty = 0.0001 BTC

I love 'bitty', because it's catchy and memorable just like 'penny'.

My 2 bitties, ops... cents!

BTW curious to know what you guys think!

I like bitty, people would use that regardless I reckon.

Yes, it's already a word (no mental effort to learn it) and it already means 'tiny'. Nothing better to describe a small part of the Bitcoin.

[trenton81]

(The poll results are no longer visible, or maybe I just don't know how to)

It is visible on top of this post (on every page). In case you can't see it for some reason, here are the results:

Thanks! So it was a close call in the end, I like the variety!

For some reason I can only see the poll options, but not the poll results in the thread. I didn't participate in the vote, may be that's the reason...

Many greetings

[zimmah]

Okay next we need to decide on a name for 0.0000001 BTC. Final, ultimate poll, period.

List of invalid answers (these are either too obvious or not cutesy enough or already taken):

• 10 satoshis (Too obvious)
• 0.1 μBTC (Too "Sciency")
• 100 nBTC (Again, too sciency - everybody hates Standards)
  
• 1 bit (Now officially taken by 0.0001 BTC)

"Officially"

I refuse to use bit as a standard and I'll just keep using the ISA standard of 100nBTC

Bit is 1/8th of something, and using 'a bit' as an unit of scale for bitcoins will only confuse people.

A bit could easily be interpreted as 1 whole bitcoin (one BIT(coin)), any arbitrary part of a bitcoin (a bit of bitcoin), 1/8th of a bitcoin (an actual bit) or now 0.0001 bitcoin (the *cough* "official" meaning of a bit, Apperantly, as decided by 0,0001% of bitcoin users). The confusion would be too much, and if even we'd use nicknames, we should use nicknames that make sense and are not easily confused.

A bit is therefore not a good nickname.

[westkybitcoins]

in my circle of "bitcoin users who dont really get the whole bitcoin thing but are certainly tech savvy and interested", they prefer calling millibits "bits" and microbits "micros or whatever.

so for them, they have naturally gravitated to:

1= bitcoins
0.001 = millibits = bits
0.000001 = microbits = micros
0.00000001 = satoshis.

im assuming this will just stick since it seems so intuitive and easy for the people who havent thought about it much.

Anyone else run across different term usage IRL? I believe someone suggested that gambling sites went with powers-of-satoshis (kSat, MSat, etc.) which seems cumbersome in speech. Any other local/group trends?

[FenixRD]

in my circle of "bitcoin users who dont really get the whole bitcoin thing but are certainly tech savvy and interested", they prefer calling millibits "bits" and microbits "micros or whatever.

so for them, they have naturally gravitated to:

1= bitcoins
0.001 = millibits = bits
0.000001 = microbits = micros
0.00000001 = satoshis.

im assuming this will just stick since it seems so intuitive and easy for the people who havent thought about it much.

Anyone else run across different term usage IRL? I believe someone suggested that gambling sites went with powers-of-satoshis (kSat, MSat, etc.) which seems cumbersome in speech. Any other local/group trends?

Colloquially, everyone in my circle used "u-bits" for uBTC, which has evolved over the last year to normally just "bits". Not much need for a name for mBTC, though we had been calling them Bitfins, finneys, and generally just Finns.

Thus my preference.

1.00 BTC = 1 Bitcoin. The full thing. Emphasis that it can be broken down, into...
0 . 000 001 BTC = 1 uBTC = 1 bit. Bitcoins are made of bits. It's a Bit-coin. Bits go to two decimal places, comfortably, and probably will not need to exceed this for a good many years:
0 . 000 000 01 BTC = 1 "Satoshi" = 0.01 bit.

At my company, we keep track of client funds with a "crossed B" for Bitcoin, and use BTC or the proposed ISO code XBT when necessary. For bits, we use a crossed lower-case b, and for clarity will use either uBTC, uXBT when necessary. (Necessary is when there is no glyph support for a B or a b superimposed with a dash, as some systems don't like this.)

We deal mostly in holdings that exceed a full B by a good deal, but interest and other things regularly need to be accounted for. We're anal so we keep 24 places of precision regardless, and thusly you'll see in our books "927 . 721 932 991 283 372 120 uBTC" but with our "bit" sign.